Abyss

$2000 Gold happening in the next few days but last thing anyone wanted was.........

https://www.mirror.co.uk/news/weird-news/couple-renovating-home-find-treasure-26184266.amp This article in my news feed can you imagine amount of Gold oz this saver could have purchased back in 1934 with $45,000 instead money keep in fiat worth the same $45,000 todays money gone towards reducing the mortgage by a fraction. Done the sums 1934 gold $34.69 equals 1297 oz Gold or in todays money equivalent $2,433,172. The article does not highlight the unbelievable loss saver experienced in purchasing power by holding onto fiat currency.

Gold floor price was $1000, then moved up to $1150, $1450 and now the new floor price is $1750. I was hoping price could potentially retrace to $1700 but doubt that will now happen. Once price retest $1920 and manages to establish a new floor you already want to have secured your long time holding. It is impossible to predict price but having a good understanding of price action and viewing longer terms charts (weekly) allows you to stay calm during the short term spikes and sell off in the price action. Last leg up in price was from $1450 to $2080 and 50% retracement of this move is $1763. If the question asking what is a good price to buy Gold with limited downside potential and plenty of upside potential then it would be $1763 (IMHO).

In a real SHTF your Gold/Silver stack would not matter and I have never stacked for this reason it was for wealth preservation/diversification. I never would want an all out SHTF scenario (conflict with Russia/North Korea) / large meteorite hitting the earth (6.2 miles size killed the dinosaurs) / large volcanic eruptions impact ozone layer. I would choose life, liberty and the pursuit of happiness above any stack of Gold/Silver. In a real SHTF my priority would be family, health, wealth. Well known stacker on TSF had six killos of Gold bars sold everything to buy his ideal home for his family and is extremely happy with his decision even though he could have obtained several hundred $ more as the price Gold ran up to $2k several months later.

Regardless of the reason why there are many more sales thread I think I would be beneficial @ChrisSilver if the sales section was further split into Gold - Graded Gold - Ungraded Silver - Graded Silver - Ungraded Potentially other splits (bars/coins). easier to buy/sell/find.

A picture says a thousands words..........

To save on Gold purchases what I have found the "best way" find the cheapest price in Europe for example 1 oz Gold Britannia for 2.8% over spot from https://www.coininvest.com/en/gold-coins/britannia/1-oz-britannia-gold-coin-2022/?change=1&curRate=pound_rate Call round all the highly trusted UK bullion dealers (post Brexit not bought any PMs from abroad) check if they will price match or if you are able to buy at 3% above spot. Most will not wiggle for a single coin but if you are buying 5+ at a time or a full tube they will negotiate to win the business. May not have to buy 100 coins to get the best price maybe group order for full tube could do it. You still have logistics and trust element mentioned by BYB to contend with.

One of the reasons why I decided to diversify my investments into physical Gold was because my family already had Indian Gold jewellery and we were already paying for a safety deposit box. Owning gold jewellery is probably one of the worst forms of investments not only because of the significantly higher premiums but if you wanted to liquidate you will only get back scrap metal value. Look at GBP per Oz Baird paying for scrap metal gold price depending on the carat . Screwed at both ends when buying Jewellery in the form of Gold (buying and selling). https://www.bairdmint.com/live-metals-pricing

$2.8 MILLLION in American Silver Eagles Seized https://www.youtube.com/watch?v=9gg6PYGki3g

$1725

Take photos of the coin while using digital scale and calliper. If you have built up a seller profile on eBay / Facebook groups / on the forum use these platforms (each one has it pros and cons) in the past I have used all three to sell large quantities of my metals. Don’t have enough feedback on large ticket items on these platforms list it on the forum. May have ship coin before payment to long established members. Alternatively as mentioned use Sell back to bullion dealer only going to get spot or 1 or 2 percent under spot and you have to pay for postage. It is always best to sell privately and obtain the best possible price.

I try to time my purchases on the dip sometimes I get fortunate sometimes I don't. But I know Gold is a long term bull market over the next 20 years. Looking back I bought 1 oz Gold in 2018 for £1000. All because price now almost £1400 does not imply I stop. Wait for a pullback in price, wait for confirmation (often several times) then I pull the trigger rinse and repeat continuing to buy on the pullback at higher prices. Gets very complicated when looking at price of Gold in £ and then $ on a chart. Even though I am in the UK I only look at the price in $ when buying on pullbacks. Try not look at the Gold stack in terms of how much worth in £ or $ or other fiat currencies measure your wealth in oz's Gold. Done this with property I own, my salary you will start seeing from a different perspective.

Went to cineworld yesterday and they accepted £50 note after some debate. One down three to go.

I am unsure about the legality of doing this but I am certain employers that abuse there positions. I recently visited a solicitor for legal advice and wanted to pay for the service with £50 notes and the receptionist refused to accept. I quoted these are newly minted £50 note by the bank of England and it is legal tender but she still refused to accept. Left no other option but to pay via debit card. I now have in my possession four £50 given to me and my family and tried twice to spend them to no avail. Looks like no other option than to visit the bank.

Everyone circumstances different but I hold a core holding in Gold coins in a popular series I can never see myself selling and hoping it will be past onto my son as part of his inheritance. Other parts Gold stack if the Gold prices broke the all time high in a relatively short time frame I would sell with the intention buying back when the price consolidates or retraces. For years I have looked at the gold price on charts and have tried to predict price movements and made purchase decisions but have only been right less than 35% of the time. Predictions deflation and a crash in everything including Gold going back to $1,000. If this ever happened I would not be upset my existing stack going down in value instead looking to sell some other assets and buy significantly more Gold. What have to reminder Gold and Silver it cannot go down to zero. Even the price of oil went into the negative something before it happened was unimaginable. Like dicker stated don’t put all your eggs in one basket.

No excuse cashier simply told me she will not accept it. Reading between the lines assume owner of the establishment put in a rule any of staff accept forged notes then the staff will need to compensate owner via wages. Cashier simply did not want to take on the risk.

Forget the coins the shop/post office near today refused to accept a brand new £50 note...... In the end had to pay for my items with card payment.

The offshore mutual funds diversification from all western assets. Don’t have an ISA but have a company pension plan.

The bullion was not delivered but ordered for collection. The rare occasion I do visit Chards in Blackpool I always bring back something sweet......

Thank you @ChardsCoinandBullionDealer for the 1oz Gold bullion coins

I have not made my mind up about the Tudor beasts and am waiting for first two releases in bullion gold. If the designs are reasonable well received and the premiums below 4% I may collect these rather than stacking generic gold Britannia’s. Not collecting proofs either in gold or silver comes with added risks when it is time to sell.

Second hand sovereigns you can buy 25 of them https://www.chards.co.uk/gold-bullion-sovereigns-secondary-market/1990 Newly minted https://www.chards.co.uk/2021-gold-sovereign-tube-of-25-coins/13952 I am unsure more competitive dealers selling sovereigns in the UK. Private sales on the forum / Facebook groups.